Reserve Bank of India (RBI) in its Second Bi-monthly Monetary Policy Statement, 2019-20 dated June 06, 2019 announced that it is proposed to issue Draft Guidelines for ‘on tap’ Licensing of Small Finance Banks. Accordingly, RBI has today released on its website ‘Draft Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector’ for comments of stakeholders and members of the public.

Suggestions and comments on the draft guidelines may be sent by October 12, 2019 to the Chief General Manager, Reserve Bank of India, Department of Banking Regulation, Central Office, 13th floor, Central Office Building, Shahid Bhagat Singh Marg, Mumbai, 400001. Suggestions/comments can also be emailed.

Yogesh Dayal      
Chief General Manager

 

On-tap licensing of Small Finance Banks: draft guidelines released, public consultation invited with submission deadline and contact instructions. Draft guidelines have been issued for on tap licensing of Small Finance Banks in the private sector, creating a continuous licensing route with specified application procedures and licensing criteria. Stakeholders and the public are invited to submit comments and suggestions to the Chief General Manager, Department of Banking Regulation, Reserve Bank of India, at the Central Office address or by email; a submission deadline and contact instructions are provided in the release.